Sunday, May 22, 2011

Top 3 Money Making Industry

A friend shared with me that her boss told her 3 of the top money making industry as below (with some of mypersonal comment):

1) Oil & Gas Industry

It's true. There are only limited oil and gas reserved on this Earth. The lucky countries with those reserved oil and gas will take control of the price. Furthermore, with more people on the Earth with more cars and other type of vehicles, there will be an increase of oil and gas consumption. It is a need for one to commute from one place to another. Even the price increase, people still need it. There is no doubt, oil and gas is one of the most money making industries.

2) Tobacco Industry

It's true as well. Eventhough we no longer see amazing and expensive high quality tobacco or cigarette advertisement on the tv (was banned from Malaysia tv few years back), the tobacco company still see good sales volume. Even with the health warning printed on the cigarette boxes, the sales is still impressive. More, even the price has doubled or trippled from the past 10 years, we still see smokers buying their favourite brands. Another story which proved tobacco industry is one of the top money making industry is that a friend who works in an international tobacco firm received 6 months bonus!

3) Telecommunication Industry

Again, this is true. Because mobile telco are making money from the 'air'. Fixed line telco are having higher investment, but usually will get back their investment from the monthly rental fee which subscriber has to pay as long as they still need the service. In recent year, even a kindergarten kid is also holding a mobile phone. Imagine how many people on this Earth. Even if one person only spend RM1 on their mobile phone, the final figure would be really huge. How about the Internet technology? Most people, especially the younger generation would somehow need to connect to the Internet. Broadband market has been growing rapidly and this will continue.

Personally, I believe there are others high money making industry as well especially those illegal type of industry. But, that's out of my sharing here. Other legal high money making industry include investment and banking industry, health and pharmaceuticals industry, entertainment industry, and Internet marketing industry.

Do you have any comments? Any other industry which you think belong to the top money making industry?

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I am Yan from Kuching, a small developing city in Malaysia. I hope my sharing on financial matter on my blog will bring benefits to all my readers. For inquiries, please contact me at yan6500 [at] gmail [dot] com

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